BMI View: The strengths and weaknesses of Namibia's insurance sector are defined by those of its vastly larger counterpart: neighbouring South Africa. Arguably the main problem is that Namibia's economy is very closely tied to that of South Africa: the Namibian dollar, for instance, is pegged to the South African rand. This means that the lacklustre performance of the South African economy (in terms of sluggish demand, stubborn inflationary pressures and low growth in labour productivity) has implications for Namibia and its insurers. However, the South African insurers are world class operators who intimately understand the issues and customers in a country like Namibia. In particular, the South African insurers are very adept at identifying the right business strategy and product offering ...